PUNJAB NATIONAL BANK
NOTICE
EMPANELMENT OF CA FIRMS FOR REVENUE AUDIT ASSIGNMENT
1.
Punjab National Bank invites applications on the undernoted prescribed format
from practising ‘Partnership firms of Chartered Accountants in India’ who
fulfill the eligibility criteria as mentioned hereunder and are willing to have
their Firms empanelled as Revenue Auditors in the Bank for conducting revenue
audit of branches.
2.
The Bio-data should be submitted on the enclosed Format only to the Chief
Manager, Punjab National Bank, Inspection & Audit Division, Head Office,
2nd Floor, Rajendra Bhawan, Rajendra Place, New Delhi –110008, only by
postal service / courier.
3.
“Application for Empanelment of CA Firm for Revenue Audit” should be mentioned
on the envelope, carrying Bio-data.
4.
The “Eligibility Criteria” for empanelment for CA Firms for Revenue Audit in
our bank is as under:
|
Minimum
No. of
Partners |
Of
which,
FCAs |
Partnership
Firms- Minimum Experience as a Revenue Auditor in Scheduled Commercial Bank
(in years)1
|
|
3
|
1
|
3
|
Note
– SOLE PROPRIETORSHIP CONCERN WILL NOT BE ELIGIBLE TO APPLY
5.
The CA firm should not be debarred earlier and also not be involved in
Statutory Audit and I or Concurrent Audit of our Bank.
6.
“Associate concerns of CA Firms” should also not be involved in Statutory Audit
and / or Concurrent Audit of our Bank.
7.
An audit firm in which a partner I proprietor Is also a partner l proprietor of
firm entrusted with Statutory Audit I Concurrent Audit of the Bank is also not
eligible for empanelment as revenue auditor.
8.
The Bank reserves the right to make changes, at any time, in the terms and
conditions with regard to the conduct of revenue audit of its branches by the
CA firms.
9.
CA Firms applying for empanelment must submit along with application, the Copy
of partnership deed + copy of registration certificate issued by the ICAI
certifying the constitution of the Firm, their branches & date from which
it is continuing as a Partnership Firm (latest).
10.
Experience Certificates of Partnership CA Firm in the Scheduled Commercial Bank
as Revenue Auditor be enclosed, in absence of which application will not be
accepted.
11.
Mere submission of application does not, in any way, constitute guarantee for
allotment of the audit job of any nature from the bank. The allocation of
branches to the auditors will purely be the prerogative of the Bank.
12.
An empanelled CA Firm may be considered for revenue audit assignment maximum
for four consecutive years subject to satisfactory performance during the
preceding years, and thereafter, the firm will be placed under cooling for a
period of minimum two years.
13.
‘Incomplete Application’ or ‘Application Without Requisite Enclosures’ will not
be entertained.
14.
The Revenue Audit Firm will undertake that they will not sub contract/sub
assign the audit assignment.
15.
The Revenue Audit Firm will not lobby directly or indirectly for consideration
of any credit proposals of their friends / relatives / clients I non clients of
the Bank.
16.
If empanelled, the detailed terms & conditions of offer including fee and
other expenses payable will be intimated at the time of allotment of audit
work.
17.
Assignments of empanelled CA firms will be governed by “Code of Ethics for
Chartered Accountants” circulated by ICAI on its website and the bank will
initiate necessary action against such CA firms and its partners in case
serious deficiencies observed are detrimental to bank’s interest.
18.
Only those applications which are received between the date of notice and the
last date of receipt of applications, will be considered.
19.
The CA firm which has submitted any such application earlier to the date of
this notice, is required to apply afresh within the stipulated period, if the
CA firm meets the requirements for empanelment.
20.
The CA firms which are already empanelled as revenue auditors, NEED TO
APPLY
AGAIN SINCE THE EXISTING PANEL WILL BE REPLACED BY THE NEW PANEL OF ELIGIBLE CA
FIRMS.
21.
The last date for receipt of application with Bio-data at ours is 30.11.2016
till close of working hours, at the following address :
The Chief
Manager
Punjab National Bank
Head Office, Inspection & Audit Division, 2nd Floor
Rajendra Bhawan, Rajendra Place, New Delhi -110008
Landline: 011-25744351, Fax: 011-25744352, e-mail address: iadrevaudit@pnb.co.in
Punjab National Bank
Head Office, Inspection & Audit Division, 2nd Floor
Rajendra Bhawan, Rajendra Place, New Delhi -110008
Landline: 011-25744351, Fax: 011-25744352, e-mail address: iadrevaudit@pnb.co.in
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